The 2 Major Benefits Of Car Leasing

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Car Leasing - 5 Biggest Mistakes People Make
Leasing is a great option if you're looking for a new car. However before you sign up to a deal, you
should read the following.
These common tricks are used by some leasing companies to make deals appear more attractive:
1) Be careful of enhanced deposits
The most common trick to make monthly payments appear lower is to enhance the deposit (initial
payment). The deposit should be roughly 3 x the monthly payment.
2) Beware of the length of the lease
Most car leases last for either 24 or 36 months - this is ideal (for vans, 48 months is also common).
Another very popular trick to make monthly payments appear lower is to increase the length of a lease
to 48 or 60 months.
Take a Look at: Car Leasing UK
This will of course bring down your monthly payments as you are financing the car for a longer period.
Warning: Your warranty is unlikely to be valid after 36 months. Therefore we advise you not to lease a
car for longer than 36 months - as you will be responsible if something goes wrong.
In addition, the longer you have the car, the more susceptible you are to wear and tear charges.
3) Be wary of 'unlimited mileage' deals
'Unlimited Mileage' deals are essentially Finance Lease and unlike other types of finance, there is no
direct excess mileage charge. This does not mean that the mileage is 'unlimited' though as there is a
residual balloon figure (owed at the end of the contract) which is based on a set mileage.
If you have been sold an 'unlimited mileage' lease and you do more than the mileage stated on the
contract, you can pretty much guarantee that the vehicle will not be worth the balloon figure at the end
of the lease, so you'll end up having to pay for the shortfall.
Finance Lease is also risky in today's economy - as it's hard to predict what a vehicle will be worth at
the end of the contract.
Take a Look at: Lease Cars
4) Compare quotes on a like for like basis
Some leasing companies aren't always clear what they are quoting for. This coupled with the fact that

manufacturers make so many different models can cause confusion.
Ensure you get a written quote with the full description of the vehicle. This will help you compare
quotes on a like for like basis - And ensure you go ahead with the right deal.
5) Use a company accredited by the BVRLA and with office premises
The leasing industry is fiercely competitive. Hence why some leasing companies adopt the above bad
Take a Look at: Car Leasing
The BVRLA (British Vehicle Rental & Leasing Association) seeks to raise standards of operation and
service within the leasing industry. Members have to adhere to their strict Code of Conduct.